Four Functions Of Management Case Study

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The four functions of management are planning, organizing, leading, and controlling. These seem to effect how the internal and external factors affect the four functions of management. Some of these factors are globalization, technology, innovation, diversity, and ethics. External factors affecting the four function of management is different to internal factors. Every company is different and unique in its own way. One of the most important factors is competition, which drives every manager the own way of them thinking. If competition releases a new disruptive product, your manager might need to adjust their plan on upgrading their existing product or design a new product to beat out your competition. A second possible issue could be government…show more content…
Some existing policies can act like barriers for mangers that wish to take a different approach of some policies. While policies are great for companies, they can get in the way of some of the internal factors of functions of management. In the next few paragraphs I will explain how some of the internal and external factors affect the four functions of management. Globalization has connected businesses from around the world for years, allowing partnerships that were not previously possible before this. This factor is often helped by the Internet and communication technology. The global economy enables all sizes of businesses to connect with foreign companies. For example a U.S. based store can import material from companies in china through the web on a website called Managers are affected by globalization because it changes the planning function of the 4 factors of management. Rather then only focusing on domestic operations, managers must now look into opportunities brought by global partners. Also global companies can drive competitive forces into the domestic marketplace. If consumers can order cheaper products directly from foreign suppliers, domestic managers will need to use the controlling function to adapt to these competitive forces that are

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